At the Money: Should you be a Stock Picker? (May 1, 2024) We know it’s challenging, but should you try your hand at stock picking? It’s fun, it gives you something to talk about at parties, but is it profitable? Today we look at the challenges of picking stocks. Only a few people have been successful at it over time, and those fund managers...

   The transcript from this week’s, MiB: Ed Yardeni on the Roaring 20s, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~  This is Masters in business with Barry Ritholtz...

    Putting the final touches on my quarterly RWM client call, I wanted to share a chart that is surprising to many people. The above shows changes in the BLS Average Hourly Earnings and Consumer Price Index since the Pandemic blew up in February 2020. What seems to surprise people: On average, U.S. wages have outpaced inflation since 2020.1 What...

In the northeast, Spring has fully sprung. Temps are expected to kiss 80 today, and after a mild winter, we have been enjoying abundant sunshine. The daffodils and tulips are up, the magnolias are blooming, and the pear and cherry trees are explosions of colors! All of that blue sky beckons us to hop in a roadster to enjoy the open road. My first...

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Man Who Killed Google Search: When Raghavan joined the company, Yahoo held a 30.4% market share — not far from Google’s 36.9%, and miles ahead of the 15.7% of MSN Search. By May 2012, Yahoo was down to just 13.4% and had shrunk for the previous nine consecutive...

The weekend is here! Pour yourself a mug of  coffee, grab a seat outside, and get ready for our longer-form weekend reads: • We might be closer to changing course on climate change than we realized: Greenhouse gas emissions might have already peaked. Now they need to fall — fast. (Vox) • Tesla Is Not the Next Ford. It’s the Next Con Ed. Elon Musk’s...